Maxwell Engineering Solutions IPO Allotment Status: Check Online on Kfin Technologies & NSE SME for Live Updates

As on 03 November 2026, 05:00 PM IST, the allotment for the Maxwell Engineering Solutions IPO of ₹58 crores is expected to be finalized on 04 November 2026. Investors can check the allotment status through Kfin Technologies Ltd. or on the NSE SME website using their PAN number or application number.
The subscription for the Maxwell Engineering Solutions IPO closed on 03 November 2026. The IPO was open for bidding from 30 October 2026 to 03 November 2026 and was priced in the range of ₹150 to ₹158 per share. The total issue size was ₹58Cr.
Shares are expected to be credited to investors’ demat accounts on 05 November 2026, while the IPO is scheduled to list on NSE SME on 06 November 2026.
How to check Maxwell Engineering Solutions IPO Allotment Status on Registrar site
Step 1: Visit Kfin Technologies Ltd.
Step 2: Select MAXENGS from the drop-down menu on the page
Step 3: Enter details required like PAN Card, Application Number, or Demat Account Number
Step 4: Click on the ‘Submit’ Button and view your allotment status
How to check Maxwell Engineering Solutions IPO Allotment Status on NSE website
Step 1: Go to Status of Issue Application Page on NSE Website
Step 2: Select “Equity & SME IPO bid details”
Step 3: Select IPO Company Code HGSINDIALT from the Dropdown
Step 4: Enter your PAN & Application Number in the required field
Step 5: Click on “Submit” Button and view your allotment status
Bidding Details for Maxwell Engineering Solutions
Investor Category | Shares Offered | Shares bid for |
|---|---|---|
QIB (Ex. Anchor) Shares Offered | 6,83,200 | 17,72,55,200 |
NII (HNI) Shares Offered | 5,18,400 | 44,46,02,400 |
– bNII > ₹10L | 3,45,600 | 35,39,72,800 |
– sNII < ₹10L | 1,72,800 | 9,06,29,600 |
Individual Investor | 12,00,000 | 66,73,08,800 |
Total Shares Offered | 24,01,600 | 1,28,91,66,400 |
Maxwell Engineering Solutions IPO Subscription Status
(As on 03 November 2026, 05:00 PM IST)
Day | Total | QIB | Retail | NII |
|---|---|---|---|---|
Day 1 | 4.35x | [-] | 7.62x | 3.06x |
Day 2 | 75.28x | [-] | 113.62x | 82.59x |
Day 3 | 426.14x | 173.79x | 491.93x | 552.31x |
Maxwell Engineering Solutions IPO Subscription Rate
Category | Subscription Rate |
|---|---|
Non-Institutional (HNI) | 596.8 |
Qualified Institutions | 235.45 |
Retail | 534.16 |
Total Subscription | 474.07 |
What happens if you get the Maxwell Engineering Solutions IPO allotment?
If you get Maxwell Engineering Solutions IPO allotment, the company’s shares will be credited to your demat account on 05 November 2026, based on your allotment. Once the shares are credited, the amount blocked in your bank account will be debited accordingly.
After the IPO is listed on 06 November 2026 on the NSE SME, you may choose to either hold the shares as a long-term investment or sell them in the market.
What if you didn’t get the Maxwell Engineering Solutions IPO allotment?
If you didn’t receive allotment of Maxwell Engineering Solutions IPO:
• Refunds will be initiated on or about 05 November 2026.
• The amount will be credited to your bank account linked to UPI.
• After the listing date, you can continue to track and invest in the stock directly through Kotak Neo
Maxwell Engineering Solutions IPO Allotment Status FAQs:
The allotment date of the Maxwell Engineering Solutions IPO is 04 November 2026.
You can check the allotment status of the Maxwell Engineering Solutions IPO on the IPO allotment page of the Kfin Technologies Ltd. or the BSE SME by entering your PAN number, application number, or Demat account details.
The Maxwell Engineering Solutions IPO refund date is 05 November 2026.
The official Registrar of Maxwell Engineering Solutions IPO is Kfin Technologies Ltd..
The shares of Maxwell Engineering Solutions are expected to be listed on BSE SME on 06 November 2026. You can track listing gains or losses on Kotak Neo.
Buying Maxwell Engineering Solutions on the listing day depends on the company’s valuation, market sentiment, and your investment goals. Always analyse the stock fundamentals and listing price before making any investment decision.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer

Neha Dubey has spent 6+ years turning market chaos into something readable. At Kotak Neo, she works on IPOs and writes for the Market Ready newsletter — making sense of the markets so you don't have to.
Off the clock, she's chasing good stories, new cuisines, and the occasional impromptu singalong. A believer in small pleasures, with excellent taste for a well-timed splurge.
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